Metaplanet’s Bitcoin Treasury Tops 20,000 BTC With $112M Buy
Japanese blockchain firm Metaplanet has aggressively expanded its Bitcoin holdings, propelling its BTC treasury past 20,000 coins. At its recent shareholder meeting, attended by strategic adviser Eric Trump, the company confirmed a long-term hold strategy with no immediate plans to sell. The latest acquisition of 1,009 BTC for $112 million boosts total Bitcoin holdings above 20,000 BTC, valued at over $2 billion, following earlier August purchases of 463, 518, and 775 BTC. Metaplanet has raised $837 million through domestic and international share offerings and is set to vote on issuing up to 555 million preferred shares to fund further buys toward a 30,000 BTC year-end target. Despite a 4.5% dip in its stock on the news, shares are up 135% year-to-date, and a 31% Bitcoin yield from July to September underscores its performance. Traders should note this institutional accumulation as a bullish signal that may tighten Bitcoin supply and support upward price momentum.
Bullish
The substantial Bitcoin accumulation by Metaplanet removes over 20,000 BTC from circulation, tightening supply and signaling strong institutional demand. The company’s continued share offerings to fund further purchases underscore its commitment to long-term holding, which may bolster market confidence and contribute to upward price pressure in the short term. The target of 30,000 BTC by year-end and the 31% yield appeal to traders seeking momentum, potentially driving further buying activity. Over the long term, sustained accumulation by a publicly listed company provides a bullish precedent, reinforcing expectations of reduced sell-side liquidity and firmer Bitcoin market support.